A Brokerage Account
You will invest $50,000 in a brokerage account today, and you plan to deposit an additional $10,000 at the end of every future year until your account totals $1,000,000. You expect to earn 7% annually on the account. How many years will it take to reach your goal?Cut and paste the question, before solving. Clearly show all work in order to get credit.Note:1. Put a question mark on what you are solving.2. Show if the entry is a positive or negative number (i.e. put a negative sign in front of negative numbersN =I =PV =PMT =FV =Your Answer:
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